2023 Q1 Form 10-K Financial Statement

#000149315223008326 Filed on March 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $34.43K $1.324M
YoY Change -97.4%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.051M
YoY Change 32.43%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.00K
YoY Change
% of Gross Profit
Operating Expenses $407.4K $2.508M
YoY Change -83.76% 61.96%
Operating Profit -$372.9K -$1.184M
YoY Change -68.5%
Interest Expense $956.00 $345.1K
YoY Change -99.72% -100.8%
% of Operating Profit
Other Income/Expense, Net $23.95K $0.00
YoY Change -100.0%
Pretax Income -$334.8K -$838.9K
YoY Change -60.09% -98.13%
Income Tax
% Of Pretax Income
Net Earnings -$334.8K -$838.9K
YoY Change -60.09% -98.13%
Net Earnings / Revenue -972.35% -63.34%
Basic Earnings Per Share -$0.01 -$0.02
Diluted Earnings Per Share -$0.01 -$16.22K
COMMON SHARES
Basic Shares Outstanding 85.65M shares 78.15M shares 75.62M shares
Diluted Shares Outstanding 94.25M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $756.6K
YoY Change -82.5%
Cash & Equivalents $294.3K $34.94K $756.6K
Short-Term Investments
Other Short-Term Assets $107.0K
YoY Change -69.06%
Inventory
Prepaid Expenses $9.696K $24.90K
Receivables $197.3K $167.2K $131.0K
Other Receivables $0.00
Total Short-Term Assets $937.9K $1.025M $994.6K
YoY Change -5.7% 56.45% -78.71%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $480.8K
YoY Change 1201850.0%
Other Assets $66.40K
YoY Change
Total Long-Term Assets $2.790M $594.9K $4.647M
YoY Change -39.96% -87.29% 15490500.0%
TOTAL ASSETS
Total Short-Term Assets $937.9K $1.025M $994.6K
Total Long-Term Assets $2.790M $594.9K $4.647M
Total Assets $3.728M $1.620M $5.642M
YoY Change -33.92% -69.64% 20.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.383M $1.588M $1.333M
YoY Change 3.75% 27.03% -33.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $171.1K
YoY Change -99.55%
Total Long-Term Liabilities $171.1K
YoY Change -99.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.383M $1.588M $1.333M
Total Long-Term Liabilities $171.1K
Total Liabilities $1.383M $1.588M $996.9K
YoY Change 38.71% -7.93% -97.5%
SHAREHOLDERS EQUITY
Retained Earnings -$41.76M -$41.43M
YoY Change 17.53%
Common Stock $44.24M $42.34M
YoY Change 6.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.478M $914.1K $4.645M
YoY Change
Total Liabilities & Shareholders Equity $3.728M $1.620M $5.642M
YoY Change -33.92% -69.64% 20.78%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income -$334.8K -$838.9K
YoY Change -60.09% -98.13%
Depreciation, Depletion And Amortization $75.00K
YoY Change
Cash From Operating Activities -$425.3K -$328.9K
YoY Change 29.31% -45.7%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $684.6K 518.5K
YoY Change 32.04% -89.41%
NET CHANGE
Cash From Operating Activities -$425.3K -328.9K
Cash From Investing Activities
Cash From Financing Activities $684.6K 518.5K
Net Change In Cash $259.3K 189.6K
YoY Change 36.77% -95.58%
FREE CASH FLOW
Cash From Operating Activities -$425.3K -$328.9K
Capital Expenditures
Free Cash Flow
YoY Change

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